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Tag Archives: oil sector

Saraki: 50 million-litre daily fuel consumption, a fraud


The President of the Senate, Bukola Saraki, has alleged a massive fraud in the nation’s oil sector under the President Muhammadu Buhari’s administration. He alleged that the Federal Government’s claims of paying subsidy on the 50 million litre of fuel being consumed by Nigerians daily were a big fraud. Saraki, …

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Economy may slip back into recession – CBN

CBN Governor, Mr. Godwin Emefiele

The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday warned that weak economic fundamentals currently being shown by the economy were putting the country’s exit from recession under threat. The Nigerian economy exited recession in 2017 after suffering contraction for five consecutive quarters. Addressing journalists shortly after …

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